Trading and Pricing Financial Derivatives is an introduction to the
world of futures, options, and swaps. Investors who are interested in
deepening their knowledge of derivatives of all kinds will find this
book to be an invaluable resource. The book is also useful in a very
applied course on derivative trading. The authors delve into the history
of options pricing; simple strategies of options trading; binomial tree
valuation; Black-Scholes option valuation; option sensitivities; risk
management and interest rate swaps in this immensely informative yet
easy to comprehend work.
Using their vast working experience in the financial markets at
international investment banks and hedge funds since the late 1990s and
teaching derivatives and investment courses at the Master's level,
Patrick Boyle and Jesse McDougall put forth their knowledge and
expertise in clearly explained concepts. This book does not presuppose
advanced mathematical knowledge, though it is presented for completeness
for those that may benefit from it, and is designed for a general
audience, suitable for beginners through to those with intermediate
knowledge of the subject.